Traders Buy Large Volume of Call Options on ARM (NASDAQ:ARM)

Arm Holdings plc (NASDAQ:ARM - Get Free Report) saw some unusual options trading on Thursday. Investors bought 115,667 call options on the stock. This represents an increase of approximately 67% compared to the typical daily volume of 69,342 call options.

Hedge Funds Weigh In On ARM

Institutional investors have recently modified their holdings of the business. ORG Partners LLC bought a new position in shares of ARM during the 3rd quarter valued at about $29,000. GeoWealth Management LLC lifted its stake in ARM by 53.8% in the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company's stock valued at $32,000 after acquiring an additional 92 shares in the last quarter. Gilliland Jeter Wealth Management LLC lifted its stake in ARM by 83.0% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company's stock valued at $37,000 after acquiring an additional 117 shares in the last quarter. Berbice Capital Management LLC bought a new stake in ARM in the 4th quarter valued at approximately $49,000. Finally, Quantbot Technologies LP bought a new stake in ARM in the 3rd quarter valued at approximately $52,000. Institutional investors own 7.53% of the company's stock.

ARM Trading Down 3.2 %

Shares of NASDAQ:ARM traded down $5.29 during trading on Friday, hitting $159.54. 6,068,253 shares of the company's stock traded hands, compared to its average volume of 7,368,904. ARM has a 52 week low of $85.61 and a 52 week high of $188.75. The company has a market cap of $167.17 billion, a price-to-earnings ratio of 209.92, a price-to-earnings-growth ratio of 7.83 and a beta of 4.57. The company has a 50-day moving average price of $146.64 and a 200-day moving average price of $140.24.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ARM shares. Needham & Company LLC reissued a "hold" rating on shares of ARM in a research report on Thursday, February 6th. Mizuho increased their price objective on ARM from $160.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. UBS Group started coverage on ARM in a research report on Monday, November 25th. They issued a "buy" rating and a $160.00 price objective for the company. Citigroup increased their price objective on ARM from $170.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Finally, Rosenblatt Securities increased their price objective on ARM from $180.00 to $225.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, ARM has an average rating of "Moderate Buy" and a consensus price target of $162.83.

About ARM

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.